Apogee Enterprises (NASDAQ:APOG) Downgraded to Hold Rating by Zacks Research

Apogee Enterprises (NASDAQ:APOG) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other brokerages have also recently issued reports on APOG. Weiss Ratings upgraded Apogee Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded shares of Apogee Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Apogee Enterprises presently has an average rating of “Moderate Buy” and a consensus price target of $70.50.

Apogee Enterprises Price Performance

Shares of NASDAQ APOG opened at $37.59 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.76 and a quick ratio of 1.34. The business has a 50-day moving average of $41.26 and a 200-day moving average of $38.25. The stock has a market capitalization of $784.50 million, a price-to-earnings ratio of 11.78, a PEG ratio of 1.10 and a beta of 1.14. Apogee Enterprises has a fifty-two week low of $30.75 and a fifty-two week high of $50.88.

Apogee Enterprises (NASDAQ:APOG) last released its earnings results on Friday, June 26th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Apogee Enterprises had a return on equity of 14.72% and a net margin of 4.88%.The business had revenue of $342.68 million for the quarter, compared to analyst estimates of $333.84 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. Apogee Enterprises’s revenue was down 1.1% on a year-over-year basis. Apogee Enterprises has set its FY 2027 guidance at 2.700-3.250 EPS. As a group, sell-side analysts predict that Apogee Enterprises will post 2.96 earnings per share for the current fiscal year.

Institutional Trading of Apogee Enterprises

A number of institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC increased its stake in Apogee Enterprises by 427.3% during the 1st quarter. Gabelli Funds LLC now owns 53,852 shares of the industrial products company’s stock worth $1,806,000 after acquiring an additional 43,639 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Apogee Enterprises by 7.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,485 shares of the industrial products company’s stock valued at $35,668,000 after purchasing an additional 78,200 shares in the last quarter. Bruce & Co. Inc. acquired a new stake in Apogee Enterprises in the first quarter valued at approximately $1,677,000. Sei Investments Co. boosted its holdings in shares of Apogee Enterprises by 99.8% during the 1st quarter. Sei Investments Co. now owns 61,565 shares of the industrial products company’s stock valued at $2,065,000 after acquiring an additional 30,748 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Apogee Enterprises in the 1st quarter worth about $2,663,000. Institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc is a diversified manufacturer and distributor of value-added architectural products and services. The company specializes in the design, fabrication and installation of high-performance glass, framing systems, curtain walls, skylights and other building envelope solutions. Its operations span three primary platforms—Architectural Framing Systems, Architectural Glass and Architectural Services—enabling Apogee to deliver complete, integrated façade systems for new construction, renovation and retrofit projects.

Headquartered in Minneapolis, Minnesota, Apogee traces its roots to the mid-20th century and today serves commercial, institutional and residential markets across North America and Europe.